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Still great interest rates, high Buyer demand and increasingly low listing inventory to satisfy it.
What will this do?
In higher end areas like our Summit County…where over 70% of closings were cash…it will take awhile to slow our real estate train down. But just like everything, we follow the front range and in 8-10 months, we’ll see a higher inventory due to less Buyer demand. This is a good thing. Our appreciation levels were unsustainable and …just plain nuts!
Our Towns and County are increasing their affordable housing pursuits with some incentifications for property owners and forced use changes to encourage and force long term rentals for locals. Will either of these tactics solve our affordable housing need for locals? No. This challenge is decades in the making and will require local communities to rise up around Summit in areas like Leadville, Fairplay and Kremmling.
It is our mission to take care of our Clients. We sell homes in Summit County, CO and also provide lending, handyman services, contractor referrals and Realtor Referrals to all areas in the U.S.
When you need Real Estate Assistance…We’ve Got You Covered.